Traded: Venture Capital @TradedVC

Airwallex, a San Francisco- and Singapore-based financial platform for modern businesses, raised $320 million in Series H funding at an $11 billion valuation, up from $8 billion in December 2025. The round was led by Addition and included investors such as Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Hedosophia, Haun Ventures, Washington University in St. Louis, and Amex Ventures. Led by CEO Jack Zhang, the company plans to use the capital to accelerate development of autonomous finance and agentic commerce products, expand its global infrastructure and regulatory footprint, and scale teams building AI-native financial software. Founded in Melbourne in 2015, Airwallex operates across more than 80 licenses globally and employs over 2,300 people across 27 offices. FOUNDERS: Jack Zhang, Max Li, Lucy Liu, Xijing Dai & Ki-lok Wong INVESTORS: Addition, Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Hedosophia, Haun Ventures, Washington University in St. Louis & Amex Ventures ROUND: Series H AMOUNT: $320,000,000 VALUATION: $11,000,000,000 HQ: San Francisco, California #VentureCapital #Airwallex #JackZhang #MaxLi #LucyLiu XijingDai KilokWong TradedVC

Float Financial, a Toronto, Canada-based provider of an intelligent financial operating system, raised CAD $85 million in Series C funding led by Inovia Capital, with participation from Goldman Sachs, Garage Capital, and new investors BDC Capital and Northleaf. Led by CEO Rob Khazzam, the company plans to use the proceeds to advance Float Intelligence, its proprietary AI platform, expand its presence across Western Canada and Quebec, and grow its team through strategic hiring. Float serves more than 7,500 businesses, offering corporate cards, expense management, bill payments, and cash management solutions tailored to Canadian companies. FOUNDERS: Rob Khazzam, Ruslan Nikolaev & Griffin Keglevich INVESTORS: Inovia Capital, Goldman Sachs, Garage Capital, BDC Capital, Northleaf ROUND: Series C AMOUNT: $59,750,000 HQ: Toronto, Canada #VentureCapital #FloatFinancial #RobKhazzam #RuslanNikolaev #GriffinKeglevich TradedVC

Qualcomm has agreed to acquire AI software infrastructure startup Modular in an all-stock deal valued at approximately $3.9 billion, with the transaction expected to close in the second half of 2026 pending regulatory approvals. The acquisition strengthens Qualcomm’s push beyond smartphones into AI infrastructure and data center computing, while bringing in Modular’s hardware-agnostic AI software platform, which enables models to run across CPUs, GPUs, NPUs, and custom ASICs without code rewrites; Modular was co-founded by Chris Lattner, creator of LLVM, Clang, and Apple’s Swift programming language. SALE PRICE: $3,900,000,000 #VentureCapital #Qualcomm #Modular #TradedVC

Patronus AI raised $50 million in a Series B round, bringing its total capital to $70 million as it builds simulation infrastructure aimed at accelerating progress toward human-aligned AGI through “Digital World Models” that predict and simulate agent behavior in long-horizon digital workflows. Founded by Anand Kannappan and Rebecca Qian, the San Francisco-based frontier lab said it uses these models to generate high-alignment training simulations for frontier AI systems, with participation in the round from Greenfield Partners, Notable Capital, and Lightspeed Venture Partners. FOUNDERS: Anand Kannappan & Rebecca Qian INVESTORS: Greenfield Partners, Notable Capital & Lightspeed Venture Partners ROUND: Series B AMOUNT: $50,000,000 HQ: San Francisco, California #VentureCapital #PatronusAI #AnandKannappan #RebeccaQian #TradedVC

Runlayer raised $30 million in Series A funding led by Felicis, with participation from Khosla Ventures, as the company expands its enterprise AI governance and enablement platform. Founded by Andrew Berman, Tal Peretz, and Vitor Balocco, Runlayer helps organizations securely deploy and manage AI agents across tools such as ChatGPT, Claude, Salesforce, and internal systems while providing visibility, policy controls, and cost management. The company says its platform is designed to give enterprises a “golden path” to AI adoption by combining AI enablement, security, and governance in a single control layer. FOUNDERS: Andrew Berman, Tal Peretz & Vitor Balocco INVESTORS: Felicis & Khosla Ventures ROUND: Series A AMOUNT: $30,000,000 HQ: New York, New York #VentureCapital #Runlayer #AndrewBerman #Felicis #TradedVC

Onyx Odds , a New York–based social sports prediction platform, has raised $20 million in a Series A round, bringing its total funding to $30 million at a reported $220 million valuation. The round included participation from Payward (Kraken), Xfund, and Breyer Capital, among others. Founded in 2025 by Leul Dadi, the company enables users to engage with sports outcomes through exchange-traded prediction instruments. The partnership is associated with Onyx’s expansion into a wider set collection of financial instruments including perpetual futures and crypto. FOUNDER: Leul Dadi INVESTORS: Payward, Kraken, Xfund & Breyer Capital ROUND: Series A TOTAL AMOUNT: $30,000,000 VALUATION: $220,000,000 HQ: New York #VentureCapital #OnyxOdds #TradedPartner #LeulDadi #TradedVC

Ornn has raised $33 million in a seed funding round led by a16z crypto, with participation from Galaxy Ventures, Nordstar, SV Angel, and continued support from Vine, Crucible, Link, and Box Group. Based in New York, Ornn is building the financial infrastructure for compute by creating price benchmarks, hedging tools, and capital markets products that allow GPUs to be priced, traded, and financed like traditional commodities. The company was co-founded by CEO Kush Bavaria and CTO Wayne Nelms, who are aiming to bring mature financial market mechanisms to the rapidly growing AI compute economy. FOUNDER: Kush Bavaria INVESTORS: a16z, Galaxy Ventures, Nordstar, SV Angel, Vine, Crucible, Link & Box Group ROUND: Seed AMOUNT: $33,000,000 HQ: New York #VentureCapital #Ornn #KushBavaria #TradedVC

Attention unveiled a $30M Series B led by RTP Global, with participation from Aglae, Alven, Eniac Ventures, and Linea, alongside the launch of “Proactive Actions,” an AI engine that turns sales intelligence into execution by identifying next steps, prioritizing them by urgency and revenue impact, and enabling one-click action across Slack, email, CRM, and in-app workflows. The company says it is shifting from traditional conversation intelligence that reports on what happened to a closed-loop system that actively drives what happens next, with reported momentum including 4x ARR growth over 12 months, 10x ACV expansion, and 20M+ monthly agent actions across 500+ customers. FOUNDERS: Anis Bennaceur & Matthias Wickenburg INVESTOR: RTP Global ROUND: Series B AMOUNT: $30,000,000 HQ: New York #VentureCapital #Attention #TradedPartner #AnisBennaceur #MatthiasWickenburg TradedVC

Terawatt Infrastructure, a company that develops and operates charging infrastructure for autonomous and commercial electric vehicle fleets, secured a five-year financing facility of up to $300 million, including $150 million in committed senior secured debt and an option to expand by another $150 million. Led by RBC Capital Markets alongside a syndicate of global banks, the financing will support the acquisition and development of charging depots across Terawatt’s network as fleet electrification accelerates. CEO and co-founder Neha Palmer said the funding will help build the long-term infrastructure foundation needed to support growing demand from autonomous and commercial EV operators, further strengthening Terawatt’s position as a vertically integrated fleet charging provider. FOUNDERS: Benjamin Birnbaum, John Rapaport & Ethan Goldsmith AMOUNT: $300,000,000 HQ: San Francisco, California #VentureCapital #TerawattInfrastructure #BenjaminBirnbaum #JohnRapaport #EthanGoldsmith TradedVC

Spiro is an African electric mobility platform that has raised a total of $270 million in its latest funding round, including a new $55 million investment from NewTrails Capital, a Chinese growth-stage fund operating in Shanghai, Shenzhen, and Nigeria. The latest investment follows a previously announced $215 million equity raise backed by Impact Fund Denmark, Equitane, and the Fund for Export Development in Africa, bringing Spiro’s total disclosed funding to approximately $557 million and pushing its valuation closer to $1 billion. Founded by Gagan Gupta, who also leads pan-African infrastructure group Arise, Spiro operates electric motorcycle sales and battery-swapping infrastructure across six African countries. The company plans to use the new capital to expand its battery swap network and manufacturing capacity as it accelerates the adoption of electric two-wheelers across the continent. FOUNDER: Gagan Gupta INVESTORS: NewTrails Capital, Impact Fund Denmark, Equitane, Fund for Export Development in Africa & African Export-Import Bank AMOUNT: $270,000,000 HQ: Dubai, United Arab Emirates #VentureCapital #Spiro #GaganGupta #TradedVC

Longshot, an Alameda, California-based defense and space technology company developing ground-based kinetic launch systems, received a $5 million investment from South Park Commons, bringing its total funding to $20 million. The company plans to use the new capital to continue developing and testing its multi-injection accelerator technology, including the construction of a test gun at an undisclosed location. Led by founder and CEO Mike Grace, Longshot is building a kinetic “space gun,” a ground-based accelerator designed to propel payloads to hypersonic velocities. By keeping the launch infrastructure on Earth, the company aims to deliver more reliable, high-frequency, and cost-effective access to space. FOUNDER: Mike Grace INVESTOR: South Park Commons AMOUNT: $5,000,000 HQ: Alameda, California #VentureCapital #Longshot #MikeGrace #TradedVC

Engram, a San Francisco-based company building a learned memory layer service for AI, has raised $98 million in funding to accelerate its growth and product development. The round was backed by General Catalyst, Kleiner Perkins, Sequoia Capital, Factory, Modern, Amplify Partners, Neo, and notable angel investors and advisors including Assaf Rappaport, Andrej Karpathy, and Pieter Abbeel. Led by CEO Dan Biderman, Engram develops AI models that pre-research an organization’s knowledge base and create a compact, continuously improving memory layer for each customer, reducing token usage to as little as 1% to 10%. The company plans to use the new capital to expand operations and further develop its technology, while also deepening partnerships with Notion and Harvey to integrate its solution into their platforms. FOUNDER: Dan Biderman INVESTORS: General Catalyst, Kleiner Perkins, Sequoia Capital, Factory, Modern, Amplify Partners, Neo, Assaf Rappaport, Andrej Karpathy & Pieter Abbeel AMOUNT: $98,000,000 HQ: San Francisco, California #VentureCapital #Engram #DanBiderman #TradedVC

Superhuman has acquired GPTZero, the three-year-old AI detection startup originally built by founder Edward Tian as his senior thesis project. Financial terms of the acquisition were not disclosed, but GPTZero had grown to more than 19 million registered users and reached $30 million in annual recurring revenue prior to the deal. The company previously raised a total of $13.5 million across a $3.5 million seed round led by Uncork Capital and a $10 million Series A in 2024 led by Nikhil Basu Trivedi, with participation from Reach Capital, Alt Capital, and Neo. GPTZero co-founder and CTO Alex Cui helped build the company alongside Tian. The acquisition brings GPTZero’s AI detection expertise into Superhuman, which already offered its own AI detection capabilities, with the combined company positioning the move as a way to strengthen tools that help users identify AI-generated content. HQ: San Francisco, California #VentureCapital #Superhuman #GPTZero #TradedVC

Menlo Ventures has raised $3 billion for new AI-focused investment vehicles, marking the largest fundraise in the Silicon Valley firm’s 50-year history. The capital will be deployed through two funds: Menlo Ventures XVII, which targets seed and Series A startups, and Menlo Inflection IV, which backs growth-stage companies from Series B onward. The raise builds on the firm’s highly successful early investment in Anthropic, a position that has reportedly grown to nearly $14 billion in value following multiple funding rounds. Menlo plans to continue investing across AI infrastructure, frontier models, and application-layer companies in sectors such as enterprise software, healthcare, and consumer technology. No founder or CEO information was provided in the details, though partners Matt Murphy and Venky Ganesan emphasized the firm’s conviction that AI remains in its early stages and will define the next decade of technology innovation. FOUNDER: H. Dubose Montgomery AMOUNT: $3,000,000,000 HQ: Menlo Park, California #VentureCapital #MenloVentures #HDuboseMontgomery #TradedVC

Redo raised $81 million in Series B funding at a reported $1.25 billion valuation in a round led by Smash Capital, with participation from Pelion Venture Partners and Cervin Ventures. Founded by Sterling Snow, the company helps ecommerce brands manage customer interactions across returns, exchanges, order tracking, fulfillment, marketing, and customer service through a unified platform. The new funding will support AI product development, international expansion, and the continued rollout of commerce tools designed to help brands build direct relationships with shoppers across the entire customer journey. FOUNDER: Sterling Snow INVESTORS: Smash Capital, Pelion Venture Partners & Cervin Ventures ROUND: Series B AMOUNT: $81,000,000 VALUATION: $1,250,000,000 HQ: Draper, Utah #VentureCapital #Redo #SterlingSnow #SmashCapital #TradedVC

Fika Jobs has raised a $4 million pre-seed round to build a video-first hiring platform where AI interview agents evaluate candidates through short-form, TikTok-style profiles instead of traditional resumes. Founded by brothers Jakob Dubois (CEO) and Alexander Dubois (CTO), the Stockholm-based startup uses AI—powered by models including Google’s Gemini—to conduct ~10-minute interviews, automatically turning responses into shareable video clips that form a living candidate profile employers can browse. The round was led by Luminar Ventures, with participation from Alliance VC and King co-founders Sebastian Knutsson and Riccardo Zacconi, and the company plans to use the funding to expand its team, develop the platform, and prepare for a broader launch later this year. FOUNDERS: Jakob Dubois & Alexander Dubois INVESTORS: Luminar Ventures, Alliance VC, Sebastian Knutsson & Riccardo Zacconi ROUND: Pre-Seed AMOUNT: $4,000,000 HQ: Stockholm, Sweden #VentureCapital #FikaJobs #JakobDubois #AlexanderDubois #TradedVC

Renaissance Geek, founded by Paul Bakaus (Founder & CEO), has raised a Seed round backed by @a16z to advance its mission of building AI tools that amplify human creativity and craft. The company’s first product, Impeccable, is an open-source “design skill” for AI coding agents like Claude Code, Cursor, Codex, and GitHub Copilot, giving them a shared design vocabulary so they can move beyond generic outputs and produce polished, on-brand interfaces. The funding will support its efforts to make AI-generated design more consistent, production-ready, and aligned with real-world product standards. FUN FACT: Paul built Impeccable as a nights-and-weekends project to clean up his own AI slop. It’s now past 40,000 GitHub stars and hundreds of thousands of installs, wired into how solopreneurs and Fortune 500 teams ship. Today it becomes Renaissance Geek’s first product, with a16z backing and a first partnership with GitHub - Impeccable will ship as a built-in skill in GitHub Copilot. FOUNDER: Paul Bakaus INVESTORS: a16z ROUND: Seed HQ: San Francisco, California #VentureCapital #RenaissanceGeek #TradedPartner #PaulBakaus #TradedVC

MGX has raised roughly $50 billion from a mix of regional sovereign wealth funds, global pension funds, and institutional investors, making it one of the largest capital pools dedicated to AI infrastructure and technology. The Abu Dhabi-backed firm, founded under the emirate’s AI ecosystem alongside Mubadala Investment Company and G42, plans to deploy the capital across data centers, semiconductors, and AI companies as competition for compute capacity accelerates globally. AMOUNT: $50,000,000,000 HQ: Abu Dhabi, United Arab Emirates #VentureCapital #MGX #MubadalaInvestmentCompany #G42 #TradedVC

Probook, a New York–based AI dispatching platform for home services operators, has raised a $34 million Series A led by Andreessen Horowitz and Sequoia Capital, bringing its total funding to $40 million. Founded by CEO George Eliadis alongside CTO Lewis Zhang and co-founder Ben Cervantez, the company builds software that uses historical shop data to match the right technician to the right job in real time, then expands into intake, customer messaging, and outbound workflows to unify the full customer experience and improve operator margins. FUN FACT: Probook was built by people who grew up in the trades. CEO George Eliadis spent six summers pressure washing in a truck in upstate New York with his dad, then spent a summer working inside TR Miller - a $40M HVAC/plumbing/electrical shop in Illinois that became Probook’s first customer. Co-founder Ben grew up plumbing alongside his dad in San Francisco. FOUNDERS: George Eliadi, Lewis Zhang & Ben Cervantez INVESTORS: Andreessen Horowitz & Sequoia Capital ROUND: Series A AMOUNT: $34,000,000 HQ: New York #VentureCapital #Probook #TradedPartner #GeorgeEliadi #TradedVC

NatPower and Tesla have struck a multiyear agreement to deploy 25 GWh of Megapack battery storage across Italy and the U.K., kicking off a broader program that could scale beyond 100 GWh and cost an estimated $4–$5 billion to build. The first phase includes five projects and also sees NatPower adopting Tesla’s energy trading software to optimize power buying and sales, with the full rollout projected to generate more than $15 billion in revenue over 20 years. NatPower, founded in 2019, has been rapidly expanding its European storage pipeline as it positions itself as one of the region’s largest grid-scale battery developers. AMOUNT: $5,000,000,000 #VentureCapital #NatPower #Tesla #TradedVC